1492 Capital Management LLC Cuts Stock Position in Shimmick Co. (NASDAQ:SHIM)

1492 Capital Management LLC lowered its holdings in Shimmick Co. (NASDAQ:SHIM - Free Report) by 61.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,535 shares of the company's stock after selling 174,326 shares during the quarter. 1492 Capital Management LLC owned 0.32% of Shimmick worth $284,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SHIM. Pacific Ridge Capital Partners LLC boosted its holdings in Shimmick by 41.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock worth $1,259,000 after buying an additional 141,861 shares in the last quarter. Sanders Morris Harris LLC grew its holdings in shares of Shimmick by 20.7% in the 4th quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company's stock worth $1,846,000 after acquiring an additional 122,442 shares during the period. LPL Financial LLC purchased a new position in Shimmick in the 4th quarter valued at approximately $284,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Shimmick in the fourth quarter valued at about $96,000. Finally, Avanza Fonder AB acquired a new position in Shimmick in the 4th quarter valued at about $52,000. 6.94% of the stock is currently owned by hedge funds and other institutional investors.

Shimmick Trading Down 5.1 %

Shares of Shimmick stock traded down $0.08 during mid-day trading on Friday, hitting $1.50. 3,595 shares of the stock were exchanged, compared to its average volume of 412,121. The stock has a market capitalization of $51.54 million, a price-to-earnings ratio of -0.38 and a beta of 0.84. Shimmick Co. has a twelve month low of $1.30 and a twelve month high of $4.94. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. The company has a 50-day simple moving average of $1.76 and a 200 day simple moving average of $2.21.

Shimmick (NASDAQ:SHIM - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.91) EPS for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.62). The company had revenue of $103.55 million for the quarter, compared to analyst estimates of $118.90 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same period in the prior year, the company earned ($0.59) EPS. Research analysts forecast that Shimmick Co. will post -2.48 EPS for the current year.

Shimmick Company Profile

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.